Canadian Core CPI 0.4% - 18.5.2012

Canadian Consumer Price Index rose to 0.4 per cent in April, 0.2 per cent higher than projected and 0.1 per cent more than the previous figure as the Statistics of Canada reported today. The increase in the Inflation measure was mainly due to transportation and clothing costs, energy prices are increasing at slower pace and prices for food increased 2.5 per cent in April. On a yearly basis the Core CPI excluding eight volatile items rose 2.1 per cent in April compared with previous year’s CPI at 1.9 per cent. The Governor of the Bank of Canada Mark Carney reported today it “may become appropriate” to raise the key 1 per cent interest rate, as the inflation and growth are stronger than they were estimated.